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Strat's PASR Long Term, Stress Free Trading

  • #3,041
  • Mar 16, 2018 10:55am Mar 16, 2018 10:55am
Quoting BeeCee
{quote} Hi Yoki, Considering you will look for 4Hr pullback for entry, how would you determine your SL. If you look at the swing low in this particular case, it might not give enough R/R. Can you please help me understand.
Hi BeeCee,

The question Strat was asking me was just a 'what if' scenario. I'm not currently looking at the 4hr chart and don't plan to unless price on the worker is in a strong trend and, therefore, not giving pasr opportunities to enter on a pullback to or near the strat shadow. If I were to trade the 4hr chart, I'd place my SL below the previous swing low or support area on the 4hr chart while exits would be according to the worker PA and/or resistance. So my RR would most likely be very good.
  • #3,042
  • Mar 16, 2018 10:56am Mar 16, 2018 10:56am
GBPNZD M5 PASR Trend Trading

Quoting BeyondTheSea
GBPNZD M5 A little trade for Friday morning, just keeping my hand in while I study higher time frames, can't let Yomi take em all..! Although he'll bag more than my 53 today {image}
Curious where your hand is in but 53 pips is good going for Friday. As usual, you and Yomi have taken everything and left me with..............NOTHING in PST! Thank you!
15 YEARS OF PASR ON FOREX FACTORY!
  • #3,043
  • Mar 16, 2018 10:58am Mar 16, 2018 10:58am
EURAUD & GBPCAD M5 PASR Trend Trading 119 pips

Quoting fxrabbi
EURAUD & GBPCAD M5 PASR Trend Trading: Live at the MOVING HARD RIGHT EDGE with +119pips of stress free trading, where PRICE is jumping up and down, BUT WHERE I ONLY JUMP-IN when its showing TOOTH BLADE STRUCTURE with converging/diverging with STRAT SHADOW. Happy Trading, Yomi. {image} {image}
Is there no end to your trading talents, Yomi?
15 YEARS OF PASR ON FOREX FACTORY!
  • #3,044
  • Mar 16, 2018 11:02am Mar 16, 2018 11:02am
AUDUSD 4HR

Better late than never.. - 127 combined two positions

Didn't quite get to my target but was expecting a wobble anyway. I'm done for the day and week.

Cheers Strat and fellow PASR'ers!

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Private Msgs are turned off to weirdos, loafs and brain drainers
  • #3,045
  • Mar 16, 2018 11:11am Mar 16, 2018 11:11am
AUDJPY H1

Quoting BeyondTheSea
AUDJPY managed on 1 Hour Planned from the Worker with 1 hour add on's, didn't quite reach my original target of a potential triple bottom at 81.50 but happy to trail with a combined 145 pips and bank the profit rather than fight the potential resistance and my greedy little man. {image}
There is nothing better, (except Fat City), than entering a trend and then ADDING ON to that trend. Well done!
15 YEARS OF PASR ON FOREX FACTORY!
  • #3,046
  • Mar 16, 2018 11:11am Mar 16, 2018 11:11am
Quoting strat
PASR {quote} You basically got the Shooting Star and Hammer trader sentiment correct but there are many examples of this in my "old" original thread when you get to them. However, I don't know the difference between these in different time frames. This tells me, again, you do not UNDERSTAND The Power of Time Frames. You MUST read, learn and UNDERSTAND this "IF" you want to be profitable with PASR Did you UNDERSTAND MY TREND chart? {image} I am still in the process of learning old thread. I guess that is why I am lacking. May be once I complete,...
Thanks, Strat.

Regarding the trend chart, yes. I understand. The Boss governs the worker and so on. Also, the pullbacks in the worker is irrelevant from a trend perspective unless there is a change in trend at a boss's level. Is this the right understanding.

Continuing to go through the old thread. It might take some time. However it is worth it. Each post has lot of information. :-)

Thanks
Beecee
  • #3,047
  • Mar 16, 2018 11:12am Mar 16, 2018 11:12am
Quoting Yoki
{quote} Hi BeeCee, The question Strat was asking me was just a 'what if' scenario. I'm not currently looking at the 4hr chart and don't plan to unless price on the worker is in a strong trend and, therefore, not giving pasr opportunities to enter on a pullback to or near the strat shadow. If I were to trade the 4hr chart, I'd place my SL below the previous swing low or support area on the 4hr chart while exits would be according to the worker PA and/or resistance. So my RR would most likely be very good.
THanks for the response Yoki. Just wanted to understand how it works. I have some clarity on this now.
  • #3,048
  • Mar 16, 2018 11:17am Mar 16, 2018 11:17am
AUDJPY D1 & H1

Quoting TerryDawe
Good trade: I took a short below the SS a few days ago as well with a target to bottom of the WCC. Looking at it this morning I decided to close at BRN 82.00 area for +120 pips {image} {image}
Nice, Terry. Strong support at BRN 82 zone. Traders need to watch that for PASR

CAD $ - What is the sentiment/funnymentals up there with your CAD $?
15 YEARS OF PASR ON FOREX FACTORY!
  • #3,049
  • Mar 16, 2018 11:20am Mar 16, 2018 11:20am
Trading Psychology

Quoting BeyondTheSea
{quote} Hi Terry, yes I should have taken it at BRN also, too greedy... changing my AUDUSD target now!
too greedy

It is good that you recognise it but DO SOMETHING about it as this is one of your repeating weaknesses, BTS! Spend more time with TITZ.
15 YEARS OF PASR ON FOREX FACTORY!
  • #3,050
  • Mar 16, 2018 11:26am Mar 16, 2018 11:26am
NZDUSD H4

Quoting BeyondTheSea
NZDUSD 4 HR 3rd entry was taken on 15 min. Combined 103. OK, so the little men got to me just now while trying to hold out to 72. It's good to let them out now and again rather than argue with them them, (I know I sound like a mad man but writing it down on here gets it out of my system..) Right then, onto AUDUSD next... {image}
Be careful that your static trend line does not become your crutch! There is a much more DYNAMIC and ACCURATE tool to use!
15 YEARS OF PASR ON FOREX FACTORY!
  • #3,051
  • Mar 16, 2018 11:34am Mar 16, 2018 11:34am
PASR

Quoting BeeCee
{quote} Thanks, Strat. Regarding the trend chart, yes. I understand. The Boss governs the worker and so on. Also, the pullbacks in the worker is irrelevant from a trend perspective unless there is a change in trend at a boss's level. Is this the right understanding. Continuing to go through the old thread. It might take some time. However it is worth it. Each post has lot of information. :-) Thanks Beecee
Also, the pullbacks in the worker is irrelevant from a trend perspective. Is this the right understanding?

HELL NO! The pull back to the trend is fundamental to my PASR Trend Trading strategy. You probably have not reached this yet in my "old" original thread so keep this in the back of your trading mind.
15 YEARS OF PASR ON FOREX FACTORY!
  • #3,052
  • Edited 1:07pm Mar 16, 2018 11:39am | Edited 1:07pm
LURKERS

All these ""Invisible"" LURKERS who do not have the BALLS to own up and show who they are

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15 YEARS OF PASR ON FOREX FACTORY!
  • #3,053
  • Mar 16, 2018 12:30pm Mar 16, 2018 12:30pm
This Weeks trades

Hi Strat & PASRers (If thats a term!).
I've taken a number of trades this week on the daily timeframe which all seem to be going well in the most part. I've not had a lot of time to post due to work commitments and family unfortunately.
I take my trades when it's nearly midnight here in the UK so taking screenshots and writing analysis is hard for me at that time of night.
I have been only checking in on my charts twice a day to check progress which has kept the little people at bay quite well. Once at night and again in the morning.
I'm going to post them all here and any feedback is gratefully received and criticism too of course.
I'm not sure if I'm overtrading but have seen quite a few opportunities this week and the majority have panned out (or are in the process of doing so) and in profit.
I've taken partial profits on all but 3 of the trades to keep the little people at bay and have a whopping 800+ pips running in my P&L. A huge improvement for me based on my attempts at 5 minute and hourly timeframes so the daily is defiantly where I want to concentrate.

I had one failed trade this week which was a silly error and looking at it in hindsight wasn't a good trade at all.
EUR/JPY
I entered on the red candle BEEB at the end of the day on Monday.
Big Boss put in a big BEEB at resistance from mid 2015 last month.
Boss had just entered it's second week within a WCC.
Worker put in a BEEB at the strat shadow dynamic resistance.
This trade went my way but I put my stop too close and was stopped out the following day. Had I put my stop above the WCC resistance I would still be in the trade and around 70 pips to the good. MtWe tested the WCC resistance and rejected it. I should have re-entered when this happened but didn't.
RESULT: 63 pip loss
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I will aim to post my other trades in individual posts for analysis.
Study enough and it all starts looking like the Matrix...
  • #3,054
  • Mar 16, 2018 12:42pm Mar 16, 2018 12:42pm
GBP/AUD

I took this trade yesterday morning (triggered off a buy order placed the night before).
I was looking for long entries due to the boss being above the strat shadow and holding towards the top of the WCC for many weeks.
Currently 260+ pips in profit.
Big Boss - in an uptrend for the last 6 months.
Boss - Entered it's 6th week inside the WCC. My entry was above the close of last weeks candle.
Worker - Closed above the strat shadow with a bullish candle. The previous day was a BUEB off the bottom of the strat shadow but I didn't want to enter as price was caught inside the shadow. When I saw price close above the shadow I placed my entry order.

Stop loss placed below the strat shadow dynamic support.
First target was the weekly control candle resistance where I took partial profits.
Second (final) target is just below monthly support at 1.87500 level.

If price closes today above the WCC (which I expect it to) I will move my stop to break even as it will be below the WCC resistance which may well now act as support on a move higher.

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Study enough and it all starts looking like the Matrix...
  • #3,055
  • Mar 16, 2018 12:55pm Mar 16, 2018 12:55pm
EUR/CAD

Trade taken on Monday evening (just at US close).
Currently 230+ pips in profit
Big Boss - Bullish and closed above previous monthly support last month.
Boss - Bullish although a SS put in last week at weekly support level from December 2016. Past weeks had shown a pattern of weekly move higher, inside bar, weekly move higher, inside bar.
Worker - BUEB closed at strat shadow dynamic support.
Stop loss was put below the strat shadow to reduce risk as this was in my eyes a little risky due to being close to weekly resistance at 1.59169. When the move closed above the weekly resistance I took partial profit and moved my stop to below the weekly resistance which is now support.
Target is just below the monthly resistance at 1.6200 round number.

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Study enough and it all starts looking like the Matrix...
  • #3,056
  • Mar 16, 2018 1:05pm Mar 16, 2018 1:05pm
EUR/AUD

This trade triggered yesterday afternoon off an order placed the evening before.
Big Boss - Bearish although approaching monthly resistance levels.
Boss - entering 2nd week of WCC after putting in a large bearish candle.
Worker - Tested support of the WCC and put in a BUEB which closed above the strat shadow. I placed my entry at the top of that candle and the following day price retraced. Then it moved back and triggered my entry with a BUEB again.
I have just taken partial profits on this trade as it is testing WCC resistance.

In hindsight this was a bad trade as the R:R was only 1:1 really as there is monthly resistance coming up at the 1.59700 area.
Price action at the WCC support looked good but as the range is quite small and my entry is too close to the monthly support I am expecting the remainder of this trade to probably break even as my stop is moved to BE now. Will see what price does at the resistance levels at the close of today.

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Study enough and it all starts looking like the Matrix...
  • #3,057
  • Mar 16, 2018 1:06pm Mar 16, 2018 1:06pm
This Week's trades 800+ pips running in my P&L

Quoting samsonwebdes
This Weeks trades Hi Strat & PASRers (If thats a term!). I've taken a number of trades this week on the daily timeframe which all seem to be going well in the most part. I've not had a lot of time to post due to work commitments and family unfortunately. I take my trades when it's nearly midnight here in the UK so taking screenshots and writing analysis is hard for me at that time of night. I have been only checking in on my charts twice a day to check progress which has kept the little people at bay quite well. Once at night and again in the morning....
Excellent Samson! You have come on in leaps and bounds.

I've not had a lot of time to post due to work commitments and family unfortunately.

Never sacrifice family for trading - there is nothing more important than family

I have been only checking in on my charts twice a day

That's once too many. We are End of Day traders so we ONLY check at the END of the Trading Day in New York 5pm EST. That is not keeping your Little People happy and, in fact, is waking them up. There are many examples in my "old" original thread where traders were doing this and either closing or taking profit AND not following their PLAN. Maybe it has not happened to you yet.......................but it will and THEN you will remember me telling you. Only check at the End of Day.

I'm not sure if I'm overtrading

Not "if" you are SEEING the trades. Yes "if" you are looking for trades.

I've taken partial profits on all but 3 of the trades to keep the little people at bay and have a whopping 800+ pips running in my P&L. A huge improvement for me based on my attempts at 5 minute and hourly time frames so the daily is definitely where I want to concentrate.

This is a HUGE hurdle you have got over so well done. Many on these Trading Forums have no clue which is their "profitable" time frame and continue to get frustrated, lose and then go thread hopping in search of the elusive Holy Grail.

EUR/JPY - I had one failed trade this week which was a silly error and looking at it in hindsight wasn't a good trade at all.

Your only mistake was not putting your Stop Loss above the Weekly Control Candle plus making sure it was more than ATR(10). However, even if you had done that, you would still have been stopped out (as was I) because the March 13, 2018 candle was 24 pips above the high of the Weekly Control Candle (makes you wonder if the Big Boys have latched on to my Weekly Control Candles). In my "old" original thread, Roger (No1Optimist) was not a fan of using a single ATR(10), I think he used 2 X ATR(10) and I also have a trading colleague who uses 11/2 x ATR(10) so something to think about.

PRICE tested the WCC resistance and rejected it. I should have re-entered when this happened but didn't.

Yes you should but at least you recognised that and know that now for whenever another occasion happens.

Again, very well done, thanks for posting. We look forward to the rest of your trades
15 YEARS OF PASR ON FOREX FACTORY!
  • #3,058
  • Mar 16, 2018 1:14pm Mar 16, 2018 1:14pm
AUD/JPY

Many have posted about this pair this week and I have been watching and entered a trade also in similar place to the others.
My trade is currently 160 pips in profit.

BB - Big bearing engulfing candle last month closing below the strat shadow and off what seems to have been resistance for 4 out of the last 7 months.
Boss - tested resistance from November 2017 and a few other places in the last couple of years so a strong resistance level.
Worker - Tested the weekly support on Tuesday and I entered my sell order below the low of the day. Wednesday another long tail with buyers not gaining any ground.

My initial target was the monthly support at 82.00 level which so far today has been broken. Partial profit taken here and stop moved to just above that level expecting it to now become resistance. Ignore the red SL line on my daily chart. I had a trailing stop on it as I was anticipating a possible kneejerk reaction of buying off the support. It's now manually placed above that monthly level.

Next target is BRN 80.00 which is also support from january 2016 on the weekly chart.

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Study enough and it all starts looking like the Matrix...
  • #3,059
  • Mar 16, 2018 1:16pm Mar 16, 2018 1:16pm
EURNZD M5 PASR TREND TRADING

Time to call it a day.
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  • #3,060
  • Mar 16, 2018 1:24pm Mar 16, 2018 1:24pm
EURNZD M5 PASR TREND TRADING

Quoting Mick1706
EURNZD M5 PASR TREND TRADING Time to call it a day. {image}
Good job, Mick. Looks like it was a good day!
15 YEARS OF PASR ON FOREX FACTORY!
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